The Pesapal subsidiary in Uganda has received a Payment System Operator license from the Bank of Uganda as a follow-up to the National Payments Systems Regulation, 2021, Pesapal has been at the forefront of the [c]
By Akshay Grover COVID-19 has propelled the adoption of digital payment platforms for millions of people across the African continent. The need for contactless methods of making transactions, transformed what was once a nice-to-have into [c]
Datastream has announced the launch of its digital payment solution ‘Datastream Recharge’ to provide a seamless and unique option for Nigerians both at home and in the diaspora to settle all digital and lifestyle payment [c]
C-level executives, industry experts, policymakers and government officials at Huawei’s 2021 East Africa BFSI Summit to discuss the current challenges, business opportunities and identify solutions aimed at shaping the future of fintech. In attendance were [c]
DPO Group (DPO), Africa’s fastest-growing payment service provider (PSP), has finally been acquired by Network International, a globa enabler of digital commerce across the Middle East and Africa. In a landmark deal for the African [c]
Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. [c]
Payment technology over the years has completely transformed how retailers operate. Thirty years ago, most retailers across Africa did not accept credit cards, and mobile money was still an idea. Over the past decade and [c]
Cellulant, the pan-African payments company, has unveiled its new brand identity while also affirming its commitment to partner with global, regional and local businesses to accelerate payments’ digitisation across Africa. Over the last couple of [c]
Mastercard has partnered with Billetera – a digital payments technology company headquartered in Kenya – to provide millions of unbanked and financially excluded residents in the Democratic Republic of Congo (DRC), access to formal financial and [c]
As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and online shopping. As stores closed and social distancing took hold, retailers worldwide moved their businesses [c]
Ramadan is a time of reflection and togetherness. The pandemic has not changed this experience but shifted it to the online world. Digital Ramadan is now the norm and digital payments have played a key [c]
In an initiative that will see the growth and development of payment services within the East Africa region, digital fintech platform provider, Ukheshe, has announced the conclusion of a new agreement with the Kenya-based lender KCB [c]
New Enhanced Contactless specifications provide next-generation capabilities for advanced protection and convenience Mastercard has announced that it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments. The new Enhanced Contactless (Ecos) specifications are an [c]
The Ethiopian Ministry of Innovation and Technology (MINT) and Mastercard will partner to develop and implement strategic solutions and relevant policies to deliver a digitized economy in Ethiopia. Under the MoU, Mastercard will leverage its [c]
Huawei, in cooperation with digital payment entity, Mondia Pay, has unveiled Direct Carrier Billing (DCB) service, for seamless, contactless payments for users in Africa and Middle region (MEA) through HUAWEI Mobile Services (HMS). Mondia Pay [c]
Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers. The “SME-in-a-Box” solution is powered by Mastercard’s [c]
DPO Group, an online commerce platform in Africa operating across 19 countries, has entered into an agreement to be acquired by Network International, an enabler of digital commerce across the Middle East and Africa (MEA). [c]
Sudan has announced a new commitment to accelerate the transition from cash to digital payments. By joining UN’s Better Than Cash Alliance, the government commits to increasing financial inclusion and transparency, taking steps to build [c]
Safaricom and Visa have announced a partnership that will enable them to jointly develop products that will support digital payments for M-PESA customers. The partnership will cover over 24 million M-PESA customers, more than 173,000 [c]
Visa, the global digital payments services provider and Pesapal have announced a strategic partnership to drive connected digital payments to consumers and businesses in Africa. As part of the deal, Pesapal will become a Visa [c]
By Arushi Chawla Looking at the impact of COVID-19 on digital payment platforms, its acceptance in the near term will be improved leading to a stronger role in the longer term. COVID-19 has damaged both, demand and [c]
The number of mobile money subscribers globally surpassed 1 billion in 2019 while the volume of transactions per day reached almost $2 billion according to GSMA’s new report “2019 State of the Industry Report on [c]
Network International, a provider of digital commerce services in Africa and the Middle East, has published research highlighting the key trends putting Payment Acceptance at an inflection point of growth in Africa. The report further [c]
Mastercard has signed a deal with e-finance, Egypt’s first fintech company, to support the digitization of online government payments across the country. The collaboration will introduce faster, more flexible online payment solutions to improve citizens’ [c]
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy. Tanzanian’s will be [c]
Last year in March, Truecaller had announced its foray into the digital payments segment in India. This month, the company announced a strategic investment into the payment space by acquiring Chillr, India’s first multi-bank payments [c]
Mastercard has announced that it will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments. Access to digital payments will help these [c]
Two years into his tenure as the head of Digital Financial Service & Mobile Payments at KCB Bank, Eddie Ndichu has left the position and moved to Opera, the Norwegian mobile browser as the firm’s MD and Vice [c]
Libya’s Bank of Commerce and Development (BCD) has signed Finastra to support its digital transformation and bring new banking services to consumers and businesses in the North African country. FusionBanking Essence Digital Channels and FusionBanking Essence Teller [c]
Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but it slows the country’s growth [c]
A new study from Juniper Research has found that Visa and Mastercard’s distinct evolutionary strategies in digital payments will underpin the success of a market expected to increase from $3.8 trillion globally this year to more than [c]
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